MAS expected to tighten monetary policy for first time in six years: Poll
Singapore's central bank is expected to tighten monetary policy this month for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness. Twelve of 19 analysts, or 63 per cent of respondents in a Reuters survey, predicted the Monetary Authority of Singapore (MAS) would tighten its exchange-rate based policy at its review, due on Friday.http://www.straitstimes.com/business/economy/mas-expected-to-tighten-monetary-policy-for-first-time-in-six-years-poll

Casa Meyfort in Meyer Road relaunches en bloc sale
The owners of the Casa Meyfort condominium in the Meyer Road neighbourhood are relaunching a public tender for a collective sale after the earlier December 2017 offering at a reserve price of S$340 million failed to draw a successful bid. "We are relaunching the collective sale tender as we see a great opportunity in this freehold site," said Tan Chun Ming, senior director for investment advisory at marketing agent Edmund Tie & Co.http://www.straitstimes.com/business/property/casa-meyfort-in-meyer-road-relaunches-en-bloc-sale

Dairy Farm eyes collective sale at more than $1.68b
Another residential development that could smash the collective sale record currently held by Farrer Court is The Dairy Farm, if it obtains the requisite approval from owners and is successfully sold. Owners of the freehold development comprising 477 residential units and 10 retail shops are holding an extraordinary general meeting today to approve the terms of the collective sale agreement and method of apportionment on sale proceeds.http://www.straitstimes.com/business/property/dairy-farm-eyes-collective-sale-at-more-than-168b

Collective sales push up private home resale prices
Resale prices of existing condos and private apartments in District 15, which includes the Katong and Amber Road areas, as well as District 10 have risen significantly following news of the Amber Park and Royalville collective sales last year. Edmund Tie & Co's caveats analysis of URA Realis data also showed that in some instances, prices of larger units in the resale market have seen a bigger price hike compared with smaller units.http://www.straitstimes.com/business/property/collective-sales-push-up-private-home-resale-prices

Home buyers turning to fixed rate loans
More home buyers are looking to fixed rate loans, say banks, as home prices surge. This is despite floating rate loans being quoted about 20 basis points cheaper than fixed rate loans. The Urban Redevelopment Authority's overall private home price index surged 3.1 per cent in the first quarter of this year over the preceding quarter, based on a flash estimate released last Monday.http://www.straitstimes.com/business/economy/home-buyers-turning-to-fixed-rate-loans

Rebuilt house in Bin Tong Park sold for S$48m
A plush house in the Bin Tong Park Good Class Bungalow (GCB) Area completed just a few years ago has changed hands for S$48 million, translating to S$2,063 per square foot on the freehold land area of 23,269 sq ft. Designed by Ong & Ong, the bungalow has a built-up area of about 15,600 sq ft spanning two levels and a basement.http://www.businesstimes.com.sg/real-estate/rebuilt-house-in-bin-tong-park-sold-for-s48m

Companies' Brief

Yanlord joins consortium to buy 2 Tianjin land parcels
Property firm Yanlord Land Group said on Monday that it has bought stakes in two property development firms that have secured development rights to two separate land parcels in Tianjin, China. Yanlord said it has acquired, through its wholly owned subsidiary Nanjing Renyuan Investment Co Ltd (Nanjing Renyuan), a 19.8 per cent stake in Tianjin Hefa Property Development Co Ltd, which in turn has the development rights to a land parcel worth 4.8 billion yuan (S$999 million).http://www.businesstimes.com.sg/companies-markets/yanlord-joins-consortium-to-buy-2-tianjin-land-parcels

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DisclaimerReal Estate Developers' Association of Singapore does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by Real Estate Developers' Association of Singapore. Every effort is taken to ensure that all information extracted is correct at the time of dissemination 10 Apr, 2018.